In 2006 the Allianz share continued its strong performance of the previous year. The share price rose by 21%, finishing the year at € 154.76 per share. On the one hand this increase is an endorsement by the market of our operational performance, which has improved yet again, and on the other hand it highlights that our strategic initiatives have been convincing, and that you, our Shareholders, have confidence in Allianz’s ability to sustain its profitable growth in the future.